Saft Acquires Microgrid Technology Company
19 June 2019
Saft has acquired Go Electric Inc., a U.S.-based developer of distributed energy resiliency solutions for microgrids and commercial and industrial customers.
Go Electric’s microgrid power controller technology, combined with energy storage, are designed to enable customer sites to ‘keep the lights on’ by islanding them from the grid should a power outage occur. The technology also helps to integrate higher levels of distributed renewable energy and reduce energy costs, the companies said. Go Electric’s solution has been deployed in military microgrids and commercial sites across the US and Canada.
“This acquisition is an important step in Saft’s strategy to accelerate the growth of its energy storage systems business,” said Philippe Sauquet, president Gas, Renewables & Power at Total. Saft is a wholly-owned subsidiary of Total, an international oil and gas company. “Saft is now able to expand its scope of expertise from battery design and manufacture to the deployment of integrated turnkey distributed renewable energy storage solutions that connect customer sites to the grid.”
Go Electric can accelerate its growth beyond North America and benefit from Saft’s brand recognition and long-standing experience in providing high quality products in energy storage, said Lisa Laughner, CEO and co-founder of Go Electric Inc.
“The current evolution in customer requirements is bringing energy storage into a new area of competitiveness and performance. With this Go Electric acquisition, we are expanding our technology portfolio for distributed renewable solutions and reinforcing our footprint in North America” added Hervé Amossé, Saft executive vice president Transportation, Telecom and Grid.
Go Electric delivers turnkey microgrid solutions that deliver uninterruptible power to facilities and military bases, lower energy costs, integrate renewables with batteries and generators, and provide grid-stabilizing energy services to utilities. Go Electric is headquartered in Anderson, Indiana at the Flagship Enterprise Center and has offices in Brooklyn and Honolulu.